Word: pare
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Dates: during 1970-1979
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...fiscal 1974, which starts next July 1, Budget Director Caspar ("Cap The Knife") Weinberger is roughing out a plan to hold spending to $262.5 billion, though he is likely to wind up at $265 billion. That would further pare the deficit to around $15 billion. More than that, it would bring expenditures into approximate balance with the revenues that the tax system would generate if the economy were operating at full employment. Although federal spending would climb about $15 billion from this fiscal year, the increase would be entirely accounted for by rises, already dictated by law, in Social Security...
...were no formal staff meetings, no requests to check people out. I take the blame for not setting up a committee on selection. I should have thought of that." McGovern's key staff and advisers met for four hours, recalls Gary Hart, to "consider every legitimate name and pare down to a list of no more than six." At first there were about 30 names. Most were politicians, but the list also included John Gardner of Common Cause, the Rev. Theodore Hesburgh, president of Notre Dame and Chairman of the U.S. Commission on Civil Rights, even Walter Cronkite...
Haussmann had taste as well as authority. His successors often lack his sense of design. Most of the new buildings are as bland and expressionless as a child's wooden blocks. (The new sports stadium at Pare des Princes in Boulogne is an exception.) Commented L'Express: "There is no excuse for the wretchedness of French architecture...
Economic maladies abroad could reduce the profits that the U.S.-owned multinational corporations draw from their overseas operations. A deepening foreign slide could also pare demand for American exports, offsetting part of the help that the U.S. will get from dollar devaluation. There is no certainty, however, that the foreign sluggishness will continue. Some experts think that Europe's economies will revive as a result of the monetary realignment, which ended the currency uncertainty that hampered international trade...
Most of the VAT receipts, which it is estimated would reach between $10 billion and $12 billion a year, would go to municipalities to pare education costs. This would ease the burden on homeowners, who pay for schools out of their increasingly heavy property taxes. Because the money would be distributed on a per-pupil basis instead of by school district, the plan would enable Nixon to redeem his pledge to aid parochial schools...